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| Moledina, Amyaz A.; Roe, Terry L.. |
| As growth in world trade outpaces the growth in world Gross Domestic Product (GDP), economies are becoming ever more linked through world markets (Helpman, 1998). It is evident that U.S. agriculture is also becoming increasingly affected by changes or economic shocks in world markets and that this response is conditional on the response of other sectors with which it must compete for economy-wide resources. This paper links the U.S. agricultural sector with its bilateral trading partners by deriving "shock transmission functions". These functions link the direct effects of world economic shocks to the price of four U.S. (export) commodities namely meat, dairy, grains and crops. We derive a price equation that is a function of the product of income... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2000 |
URL: http://purl.umn.edu/21751 |
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| Moledina, Amyaz A.. |
| This paper examines the strategic behavior of firms under emissions taxes and tradable emissions permits designed to mitigate phosphorus emissions. The Nash payoff to the regulator of the strategic game is determined for a sub-basin of the Minnesota River using econometric estimates of cost and benefit functions representative of the region. These payoffs are compared to determine the preferred policy instrument. Results show that emission permits yield lower deadweight losses than emissions taxes. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Environmental Economics and Policy. |
| Ano: 2001 |
URL: http://purl.umn.edu/20751 |
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| Moledina, Amyaz A.; Roe, Terry L.; Shane, Mathew. |
| Commodity price volatility in international markets has been used to justify numerous policy interventions, including the need for buffer stocks and counter-cyclical payments. The common measure of volatility, the standard deviation or coefficient of variation, likely overstates the actual variation faced by economic agents. By making a distinction between its predictable and unpredictable components, volatility is found to be low, suggesting that significant welfare gains may be unattainable with policy interventions designed to stabilize prices. The use of the standard deviation implies price volatility as high as 30 per cent for certain grain markets. Removing the predictable components from this measure decreases volatility to between 0.1 per cent and... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Demand and Price Analysis. |
| Ano: 2004 |
URL: http://purl.umn.edu/19963 |
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